3.0.0 2643 2024-06-11T15:45:37Z 2024-06-11T15:45:37Z House H HR 2023-04-17 118 [Congressional Record Volume 169, Number 63 (Monday, April 17, 2023)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BLUMENAUER:H.R. 2643.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1The single subject of this legislation is:The subject of this legislation is federal tax deductionsfor state-legal cannabis businesses.[Page H1760]]]> hswm00 Ways and Means Committee House Standing Referred to 2023-04-17T18:03:45Z 2023-04-17 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2023-04-17 Sponsor introductory remarks on measure. (CR E320) IntroReferral B00100 9 Library of Congress 2023-04-17 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-04-17 Introduced in House IntroReferral 1000 9 Library of Congress B000574 Rep. Blumenauer, Earl [D-OR-3] EARL BLUMENAUER D OR 3 N D000096 Rep. Davis, Danny K. [D-IL-7] DANNY DAVIS D IL K. 7 2023-04-17 True J000295 Rep. Joyce, David P. [R-OH-14] David Joyce R OH P. 14 2023-04-17 True L000551 Rep. Lee, Barbara [D-CA-12] BARBARA LEE D CA 12 2023-04-17 True M000194 Rep. Mace, Nancy [R-SC-1] Nancy Mace R SC 1 2023-04-17 True M001199 Rep. Mast, Brian J. [R-FL-21] Brian Mast R FL J. 21 2023-04-18 False N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2023-04-19 False E000296 Rep. Evans, Dwight [D-PA-3] Dwight Evans D PA 3 2023-04-19 False P000616 Rep. Phillips, Dean [D-MN-3] Dean Phillips D MN 3 2023-05-05 False M000312 Rep. McGovern, James P. [D-MA-2] JAMES MCGOVERN D MA P. 2 2023-05-23 False H001094 Rep. Hoyle, Val T. [D-OR-4] Val Hoyle D OR T. 4 2023-06-30 False B001318 Rep. Balint, Becca [D-VT-At Large] Becca Balint D VT 0 2024-02-15 False C001125 Rep. Carter, Troy A. [D-LA-2] Troy Carter D LA A. 2 2024-04-05 False Taxation Taxation 2023-04-25T14:45:27Z 00 2023-04-17 Introduced in House 2023-04-25T18:40:16Z Small Business Tax Equity Act of 2023

This bill exempts a trade or business that conducts marijuana sales in compliance with state law from a provision in the Internal Revenue Code that prohibits business-related tax credits or deductions for expenditures in connection with trafficking in controlled substances.

]]> Small Business Tax Equity Act of 2023 Display Title 45 Small Business Tax Equity Act of 2023 2024-06-11T15:45:37Z Short Title(s) as Introduced 101 Small Business Tax Equity Act of 2023 2024-05-24T13:40:54Z Introduced in House IH Official Title as Introduced 6 To amend the Internal Revenue Code of 1986 to allow deductions and credits relating to expenditures in connection with marijuana sales conducted in compliance with State law. 2024-03-18T20:37:13Z Introduced in House IH Introduced in House 2023-04-17T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr2643ih/xml/BILLS-118hr2643ih.xml 2023-04-17 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.